California State University, East Bay
Oakland Center
1000 Broadway, Suite 109
Oakland, CA 94607

March 25 – 26, 2013

Course Description:

Energy market operations and environmental regulation have increasingly become intertwined. An understanding of one is crucial for a complete understanding of the other. Drawing heavily on the tools of economics, this course will cover the fundamental concepts behind various approaches to environmental regulation and their impacts on energy markets. The consequences of various regulatory strategies will be examined in the context of the continuing changes in the organization and regulation of energy markets.

Course Syllabus

Day One, Monday March 25

Session 1: Fundamentals of Electricity Regulation 9:30am – 11:00am
Session 2: Competitive Wholesale Electricity Markets 11:15am – 12:45pm
Lunch Break 12:45pm – 1:45pm
Session 3: Market Power in Electricity Markets 1:45pm – 3:15pm
Session 4: Time-Varying Retail Electricity Pricing 3:30pm–5:00pm

Day Two, Tuesday March 26

Session 5: Energy Externalities 9:00am – 10:30am
Session 6: Regulating the Environment: Taxes vs. Emissions Limits 10:45am –12:15pm
Lunch Break 12:15pm –1:30pm
Session 7: Energy Efficiency Incentives and Standards 1:30pm – 3:00pm
Session 8: Economics of Renewable Energy 3:15pm –4:45pm


Severin Borenstein, E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business, U.C. Berkeley.

James Bushnell, Associate Professor, Department of Economics, U.C. Davis.